When You trade Do You use VPN? - page 8.

Bttzed03

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Quote from: GreatArkansas on October 14, 2020, 05:16:04 PM

I tried to use a VPN before when I am using Bitmex to trade. Because in our office before, there are some website restrictions that you cannot access, you can't browse some websites so I needed to use VPN just to access Bitmex website and I will able to trade while I am in the office.

Wait what?! How can you even trade while working?

Isn't it pointless to use a VPN for privacy reasons and then trade on centralized exchanges? We know they can always ask for verification anytime they want. You might be okay trading for a while with small amounts but you'll be forced to submit sooner or later.

You are better off trading on decentralized exchanges like bisq, uniswap or whatever swap it's called in other blockchains.

Lordhermes

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Using VPN for trading has a different advantages and disadvantages, its advantages is of tight security of data preservation like email, and some other login details too, but you must be careful with using public network to turn up your VPN because it might collect your data, email and login details for malicious act.
I will rather prefer you to trade with VPN using your own network not public WiFi as this may ruins you data for phishing attack.

Wexnident

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There's no need for VPN when trading. It isn't like it's banned or anything, and afaik, if you're country has crypto banned, all exchanges in there are banned but you can still probably trade online since they can't really detect if you're trading. It's just up to the exchange though whether they would accept your account or not when trading, due to the said reason of your country banning crypto.

Additionally, there might be issues of tracing you back when hackers or the like get your account, as well as for official reasons of the exchange actually tracing you back for some reason related to KYC or something, which may inevitably lead to a ban. Besides, you're a legit customer, I don't see much of a reason why you should use VPN.

boyptc

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Quote from: allahabadi on October 15, 2020, 03:18:32 AM

Quote from: boyptc on October 15, 2020, 03:01:35 AM

Quote from: allahabadi on October 14, 2020, 08:41:47 PM

I agree about TOR needing good amount of users to obfuscate your location, but then which VPN do u suggest?

Just stepping in this question.

With most people that are using VPN, I've always read them saying about any paid VPN and one VPN is the Nord VPN. I haven't used it but it's the VPN that I usually read when someone suggests about a VPN.

I was actually waiting for someone to say exactly this ...
Please go through these in the given order

https://youtu.be/WVDQEoe6ZWY

https://youtu.be/FMScV1Mkaok

https://youtu.be/6ohvf03NiIA

Thanks.

I'll go through those videos.

I've just said it because it's the majority that I've been saying but will look into those videos you've shared.

Mpamaegbu

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I think it's even a huge risk trying to use a VPN for trading or on any site that forbids one's country from registration. What happens to one's capital on the site once it's discovered that one circumvented the process and there is a ban and one's account is blacklisted? Of course, you get to feel the hurt and then regret your involvement because of the waste of time. For me, once there is a country restriction on any site I want to use I just stay out. For instance there is a country restriction from PayPal on my country. What I do is stay away from sites which have only PayPal as a mean of payment for any online stuff I do. It's as simple as that for me.

slaman29

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I use VPN by default, 90% of the time my access is from office/work and I know they use private VPN so we can all be monitored haha:)

But yes, I would definitely recommend checking out trading platforms ToS (same as I advice for gambling) because some strictly don't allow you to use VPN. I always make sure and confirm with the support even before even depositing.

Janation

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I don't use any VPN.

It is a warning of someone I know since in the past, there are a lot of people complaining about some exchanges freezing their account or asking for any confirmation or verification from them. I don't have a lot of cryptocurrencies to trade but for someone that have a lot of funds in some platforms, that would be really problematic.

allahabadi

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Quote from: boyptc on October 15, 2020, 03:01:35 AM

Quote from: allahabadi on October 14, 2020, 08:41:47 PM

I agree about TOR needing good amount of users to obfuscate your location, but then which VPN do u suggest?

Just stepping in this question.

With most people that are using VPN, I've always read them saying about any paid VPN and one VPN is the Nord VPN. I haven't used it but it's the VPN that I usually read when someone suggests about a VPN.

I was actually waiting for someone to say exactly this ...
Please go through these in the given order

https://youtu.be/WVDQEoe6ZWY

https://youtu.be/FMScV1Mkaok

https://youtu.be/6ohvf03NiIA

boyptc

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Quote from: allahabadi on October 14, 2020, 08:41:47 PM

I agree about TOR needing good amount of users to obfuscate your location, but then which VPN do u suggest?

Just stepping in this question.

With most people that are using VPN, I've always read them saying about any paid VPN and one VPN is the Nord VPN. I haven't used it but it's the VPN that I usually read when someone suggests about a VPN.

judeafante

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When you are using VPN be sure you have read the terms of service of the trading platform you are using, it's to risky, we have seen a lot of complaints in the gambling section about using a VPN and they encounter issues when they tried to withdraw a lot of money, this is not a remote possibility in your case.

jrrsparkles

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Quote from: Polo7 on October 14, 2020, 10:06:02 AM

Do you use VPN proxy?
Specially If You are Country Where the laws not Crypto trader Friendly?

Do You hold Ur machine or wallet in better juridical locations?

What is the point of using VPN when all thr the centralized exchange asks you to complete KYC. And if you decide to go within their no KYC trading limit by using VPN still you are going to get troubles because exchanges can suspend your account for suspicious activity and will ask you to do KYC.

Malamok101

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Using vpn for trading is not worth it. There are no such of difference between using vpn or not. The main problem is there are such of exchangers that available on your country and there's no problem if you are willing to explore and no such using vpn.

Salauddin1994

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I do not use vpn when trading because using vpn can cause problems using public wifi when trading an open public wifi hotspot is that requires a password to connect to wifi it even prevents data from being exchanged on your device and hotspot. This means that your data may be hacked if you use the free wifi zone there is also the possibility of personal data being thrown or hacked.

allahabadi

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Quote from: ololajulo on October 14, 2020, 04:23:11 PM

Quote from: allahabadi on October 14, 2020, 12:18:07 PM

VPN won't help you much trust me, if the security agencies of your nation wanna find you; VPNs can't do much.

I sincerely think that running a dedicated tor node for the purpose will be better than spending money on VPNs.

Do you think Tor is safe for most transaction of cryptocurrency? Trying to avoid the Government can expose you to worse hack or scam except you know how to protect yourself using tor for crypto trade.

Brother, if you are so much in need of privacy and protection from govt, then you better learn to protect yourself from hacks too. You can't have decentralisation without any responsibility.
You need to learn to use some tools and tricks too. If not, then better stay away from BTC trading. That's the unfortunate truth about technology. If you lag, then you are left.

allahabadi

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Quote from: BChydro on October 14, 2020, 03:23:00 PM

~In fact VPN is much safer in that aspect and if you are too scared about it you can use both TOR and VPN in tandem which will give you a much higher privacy.
~

I agree about TOR needing good amount of users to obfuscate your location, but then which VPN do u suggest?

Quote from: BitMaxz on October 14, 2020, 03:55:45 PM

If you are going to use VPN it may cause you a problem in the future the same as what happened to other traders before who use VPN and now suffer from verification or make their account freeze.
~

Very valid suggestion, especially if you are on betting sites. They observe these things very carefully.

Peanutswar

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I don't think that the Virtual Private Network(VPN) can help you regarding accessing a trading platform because this may cause you trouble sooner or later.
If you are using your PC and you unexpectedly click or visit a website that is restricted to your country there is a chance they may detect your access. We cannot deny this may happen.
If you are using your Mobile devices.

There is a chance they might detect your email and other information every time you access on their platform.
Hence.
You can search on your browser to help you more on using VPN.
"Vpn exchange" - there is some issues and problem regarding accessing on different trading platform using VPN
"Vpn use" - to give you more idea what are the scope of the VPN.

I hope this might help you.

Renampun

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Until now, I have never traded with activates a VPN because my country does not prohibit crypto exchanges...
I heard that those in countries that prohibit crypto exchanges from using a VPN or Tor to trade, I am personally afraid to use a VPN when trading because network security is weak.

GreatArkansas

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I tried to use a VPN before when I am using Bitmex to trade. Because in our office before, there are some website restrictions that you cannot access, you can't browse some websites so I needed to use VPN just to access Bitmex website and I will able to trade while I am in the office.

Although Bitmex is not restricted the country where I am from, Bitmex also found out, and after how many days I got an email about closing my account because of I am in the country where Bitmex is not allowed, and I needed to withdraw all my funds immediately because of my account is about to be deactivated.

Nellayar

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Quote from: Polo7 on October 14, 2020, 10:06:02 AM

Do you use VPN proxy?
Specially If You are Country Where the laws not Crypto trader Friendly?

Do You hold Ur machine or wallet in better juridical locations?

I do not use VPN when I do trading because my country is a cryptocurrency-friendly. This is why we can trade or even play gambling in online without any use of VPN. The harm of being scammed was said by the government to the citizens of my country. They won't restricted us to invest but they only said that investing or trading may lose our funds. Well, its part of the risk.

Anyway, if you want to have a freely trade. VPN is good.

ryzaadit

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No.

Because when you are login on different IP, sometimes you always need to do verify of your account by email. Also, some exchange can fronze your transaction deposit/withdrawal a few day when they see us login with new IP or asking some KYC when doing some large fund using VPN.

Topic: When You trade Do You use VPN? - page 8. (Read 1432 times)